50 155.25 +/- Acres On Hwy Garden City, KS 67846
This exceptional 155-acre agricultural property in Finney County, Kansas, is located directly north of Garden City on Highway 50. The land includes approximately 117 acres under a Reinecke A60G 8-tower center pivot irrigation system. A 277-foot deep well, with water rights (12517, completed 09/2008) authorizing up to 234 acre-feet at 1650 gallons per minute, is situated in the northwest corner. All seller's interests in mineral rights and active leases transfer to the buyer. Immediate possession is available upon closing. The property is being offered in an online-only auction, with bidding opening November 26th, 2024, at 2 PM CST and closing December 11th, 2024, at 2:10 PM CST. A 10% buyer's premium will be added to the final bid. Earnest money deposits are $60,000 (30-day closing) or $75,000 (45-day closing). The sale is by the acre, with acreage rounded to the nearest whole acre for final price calculation. The property is legally described as SW1/4, S33-T23-R32W, and includes the irrigation well and equipment (excluding pump motor, remote system, and sprinkler regulators). Previews are available by appointment. This represents a rare opportunity for agricultural producers or investors seeking prime Garden City real estate with significant development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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